Exclusion of nil-rate and exempted clearances from aggregate value affects computation under central excise notification. Amendment excludes clearances of excisable goods chargeable at nil rate or exempted by other notifications (unless those exemptions depend on annual value or quantity) from the aggregate value computation under the principal excise notification, and clarifies that the principal notification operates also in relation to powers exercised under the rules and the Act.
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Exclusion of nil-rate and exempted clearances from aggregate value affects computation under central excise notification.
Amendment excludes clearances of excisable goods chargeable at nil rate or exempted by other notifications (unless those exemptions depend on annual value or quantity) from the aggregate value computation under the principal excise notification, and clarifies that the principal notification operates also in relation to powers exercised under the rules and the Act.
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